As President Donald Trump’s aggressive policies on international trade and immigration gradually begin to make their presence felt, the underwhelming recent earnings results reported by some key casual food businesses are serving as flashing warning lights for the U.S. economy.
Shake Shack shares tumbled 7.7 percent in response to its second-quarter results, despite their being generally positive. In comparison, Sweetgreen shares dropped 23 percent after it cut its 2025 outlook for the second consecutive quarter, and Cava’s quarterly revenue disappointed estimates because of weaker-than-expected sales growth.
